Photo: SeaBird

SeaBird eyes renewables; South America project canned

Seismic player SeaBird Exploration said that its source contract announced on 20 April 2020 has been terminated by the charterer.

Namely, the Oslo-listed SeaBird secured a letter of award in April for a project in South America.

The contract should have taken place in the third quarter of this year, with a duration of 30-45 days

At that time, SeaBird did not disclose the value of the contract nor the name of the client.

In addition to this news, the company announced a letter of award for an OBN source contract in the Gulf of Mexico last week.

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The contract will start in Q4 2020 with an expected duration of about three months.

Renewables

SeaBird also today said it has decided to pursue a feasibility study into a niche in the renewable energy segment.

The company has not communicated any further details about this initiative.